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The impact of the COVID-19 crisis on Africa's debt landscape.
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DOI: 10.1108/OXAN-DB251899
ISSN: 2633-304X
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Geographic
Topical
Public debt increased from the second quarter of 2020, mainly due to the sharp economic contraction and peso depreciation.
While the G20's new Common Framework for Debt Treatments provides a new mechanism for debt restructuring, it also requires Zambia to convince the IMF that it has disclosed all of…
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DOI: 10.1108/OXAN-DB257855
ISSN: 2633-304X
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Geographic
Topical
The stock of EM debt has multiplied since 2000, accompanied by legal difficulties for borrowers falling into distress. Some economists are calling for a complete overhaul of the…
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DOI: 10.1108/OXAN-DB259074
ISSN: 2633-304X
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Geographic
Topical
Small companies have been the most affected. Government programmes have supplied credit but struggled to channel funds to the neediest companies, especially at the beginning of…
Monthly output in Estonia started contracting from June. GDP (adjusted) stagnated in the first quarter of 2022, and contracted quarter-on-quarter in the following two quarters…
COVID-19 lockdown measures and low oil prices are weighing on the economy, which the IMF expects to contract by 6.7% this year. According to the IMF, Ecuador’s gross financing…
INTERNATIONAL: G20 offers temporary debt reprieve
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DOI: 10.1108/OXAN-ES252008
ISSN: 2633-304X
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Geographic
Topical
Debt restructuring was offered to good and bad companies alike. This indiscriminate approach delayed insolvency that would otherwise have overtaken 'zombie' companies.
Living standards are set to decrease further, with the number of Africans in poverty projected to rise for the first time in two decades. Current debt relief initiatives look…